[173 Pages Report] The cheese ingredients market was valued at USD 84.81 Billion in 2016, and is projected to reach 102.14 Billion by 2022, at a CAGR of 3.24% during the forecast period.

The years considered for the study are as follows:

Base year  2016

Estimated year  2017

Projected year  2022

Forecast period  2017 to 2022

The objectives of the report

Determining and projecting the size of cheese ingredients market with respect to the cheese type, ingredient, and regional markets, over the period ranging from 2017 to 2022.

Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions.

Analyzing the demand-side factors on the basis of the following:

Impact of macroeconomic and microeconomic factors on the market

Shifts in demand patterns across different subsegments and regions

Research Methodology:

Major regions were identified, along with countries contributing the maximum share

Secondary research was conducted to find the value of cheese ingredients market for regions such as North America, Europe, Asia Pacific, and RoW

The key players have been identified through secondary sources such as the US Department of Agriculture (USDA), the Food and Agriculture Organization (FAO), the European Food Safety Authority (EFSA), the Food Safety and Standards Authority of India (FSSAI), the Food Standards Australia New Zealand (FSANZ), Japan External Trade Organization, and the European Federation of Food Banks (FEBA), while their market share in respective regions has been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players, as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the cheese ingredients market.

The various contributors involved in the value chain of the cheese ingredients market include raw material suppliers, R&D institutes, cheese ingredients manufacturing companies such as Chr. Hansen Holding (Denmark), Fonterra (New Zealand), DuPont (US), DSM (Netherlands), and ADM (US), and government bodies & regulatory associations such as the US Department of Agriculture (USDA) and the Food and Agriculture Organization (FAO).

The cheese ingredients market is estimated to be valued at USD 87.08 Billion in 2017, and is projected to reach USD 102.14 Billion by 2022, at a CAGR of 3.24% from 2017. The growth of the cheese ingredients market is proportionally dependent upon the growth of the cheese industry. The market is driven by increase in demand for cheese as a key ingredient in the fast food industry. Furthermore, factors such as rapid growth in the fast food industry are expected to increase the demand for cheese, subsequently increasing the demand for cheese ingredients. However, there are several restrictions on the levels of contents and their usage in the cheese making process imposed by various regulatory bodies, which act as a restraint for the market growth. Additionally, consumer shift toward the consumption of vegan food products is also expected to affect the market growth.

The cheese ingredients market, based on cheese type, has been segmented into natural cheese (which includes cheddar, parmesan, mozzarella, Gouda, Swiss, blue, ricotta, feta, Romano, and cottage) and processed cheese (which includes restricted-melt, standard-melt, and quick-melt). The natural cheese segment dominated this market in 2016 due to its popularity in the North American and European regions owing to the rise in health awareness among consumers. Furthermore, among the types of natural cheese, the demand for mozzarella cheese is expected to grow in North America owing to growing popularity of Italian dishes such as pizza. This, in turn, is expected to increase the demand for cheese ingredients.

The cheese ingredients market, by ingredient, has been segmented into milk, cultures, enzymes, and additives. The milk segment covered the largest market share as it is a key component required for cheese making. The enzymes segment is expected to grow at the highest rate, in terms of volume, owing to increased consumer awareness about health benefits of enzyme-modified cheese.

Asia Pacific is the fastest-growing cheese ingredients market owing to the increase in cheese production in the region. The demand for cheese is expected to increase in this region due to the impact of western dietary habits, rise in disposable income levels, and changes in lifestyles in countries such as China and India.